by James Robert Deal | Nov 7, 2011 | Mortgage Modification
Attorney Talcott Franklin knows mortgage-backed securities inside and out. He should… his firm, Talcott Franklin P.C.whose main offices are in Dallas, in dollar terms represents more than half of all the investors in mortgage-backed securities on the planet. Tal’s...
by James Robert Deal | Nov 7, 2011 | Mortgage Modification
Donna bought her home in 2006. She owed $296,000 on her first mortgage and $71,000 on her second. She bought the home zero down. Her first mortgage was an ARM loan with a fixed 7.0% rate for the first five years. The index was the 6-month LIBOR and the margin was...
by James Robert Deal | Sep 12, 2011 | Modification is the Practice of Law, Mortgage Modification
Virtually all of my modification clients tried it on their own and were turned down. Servicers will turn a borrower down and not tell them why. There are many tricks and techniques which we have learned with are not commonly known. It is to the advantage of servicers...
by James Robert Deal | Mar 31, 2011 | Mortgage Modification
TWO and a half years ago, Congress passed the legislation that bailed out the country’s banks. The government has declared its mission accomplished, calling the program remarkably effective “by any objective measure.” On my last day as the special inspector general of...
by James Robert Deal | Mar 29, 2011 | Mortgage Modification
NEW YORK — The nation’s five largest mortgage firms have saved more than $20 billion since the housing crisis began in 2007 by taking shortcuts in processing troubled borrowers’ home loans, according to a confidential presentation prepared for state...
by James Robert Deal | Mar 21, 2011 | Mortgage Modification
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